What are the Key Retirement Income Sources for Entrepreneurs?
Entrepreneurs can consider multiple avenues for securing retirement income:
1. Savings and Investments: Building a diversified investment portfolio can provide a steady income stream. Options include stocks, bonds, mutual funds, and real estate. 2. Business Sale: Selling the business can be a significant source of retirement funds. Proper valuation and timing are critical for maximizing returns. 3. Rental Income: Investing in rental properties can provide a consistent monthly income. 4. Dividend Income: If the entrepreneur holds shares in their own or other businesses, dividends can serve as a reliable income source.